Current Affairs Today

We are here for you to provide the important Recent and Latest Current Affairs May 14 2026, which have unique updates of Latest Current Affairs 2026 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

Our Current Affairs May 2026 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Latest Current Affairs Quiz and Monthly Current Affairs 2026 PDF which will be a pedestrian to crack your exams.

Dear Aspirants,
With effect from 26 January 2026, the Exam Hint and In-Depth Content of articles (news) will be available exclusively in our Daily PDF (DailyScoop PDF).
To access the DailyScoop PDF, please subscribe to the Crack Current Course on the CareersCloud app or website.

Read Current Affairs in CareersCloud APP, Course Name – Learn Current Affairs – Free Course –Click Here to Download the APP

We are Hiring – Subject Matter Expert – English | CA Video Creator | Content Developers(Pondicherry)

Click here for Current Affairs May 13 2026

Click here for Affairscloud Hindu Free Vocabs telegram channel

NATIONAL AFFAIRS

MoRD Notifies Implementation of Rural Employment Assurance Under VB-G RAM G Act, 2025 from July 1, 2026
In May 2026, the Ministry of Rural Development (MoRD) notified the implementation of the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) [VB–G RAM G] Act, 2025, across the country from July 1, 2026. 

• With the implementation of VB-G RAM G Act, 2025, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA, 2005) will be repealed with effect from the same date.

Key Provisions of VB-G RAM G Act, 2025:
Employment Guarantee: The new act provides a statutory guarantee of 125 days of work in every financial year (up from the provision of 100 days in MGNREGA, 2005) to every household whose adult members volunteer for unskilled manual work.
Work Scope: Under the Viksit Bharat–G RAM G Act, 2025, the scope of permissible works has been expanded in line with the Viksit Bharat@2047 vision, covering four key areas: water security, rural infrastructure, livelihood infrastructure, and climate resilience works.
Wage Payments: As per official notification, wages to labourers will be made through Direct Benefit Transfer (DBT) into their bank or post office accounts.

• Payments will be processed within three days, ensuring that all procedures are completed and the funds reach their accounts within a maximum time period of 15 days.

DFS, MoF launched USD 1.5 billion BMIP to Secure Shipping Risks of Indian vessels
In May 2026, the Department of Financial Services (DFS) under the Ministry of Finance (MoF) launched the ‘Bharat Maritime Insurance Pool (BMIP)’ of USD 1.5 Billion (Bn), with a sovereign guarantee of USD 1.4 Bn (Rs 12,980 Crores (Cr)) at an event held in New Delhi, Delhi.
Key Highlights
Dependance on Foreign Insurers: Indian vessels rely heavily on foreign International Group (IG) Protection and Indemnity (P&I) Clubs for coverage against third-party liabilities such as oil pollution, wreck removal, cargo damage, crew injury, repatriation, and collision liabilities.

• Due to sanctions, foreign re/insurers can withdraw support for any insurance policy that covers cargo or vessel carrying cargo, from the sanctioned country.

Purpose: The BMIP will provide risk cover to Indian Vessels on international sea routes, including war and high-risk zones, in the backdrop of current West Asia tensions.

• To reduce dependence on foreign insurers and ensure adequate risk coverage, the government-backed pool aims to strengthen sovereign control over India’s maritime trade.

India Hosted 10th Edition of Indian Ocean Dialogue in New Delhi 
In May 2026, India, which currently holds the chairship of  Indian Ocean Rim Association (IORA) for 2025-27, hosted the 10th edition of the Indian Ocean Dialogue (IOD-10) in New Delhi, Delhi.

• The dialogue was held from May 7 to 8, 2026 under the theme “Indian Ocean Region in a Transforming World”.

About IOD-10:
Organisers: The Ministry of External Affairs (MEA)in collaboration with the Indian Council of World Affairs (ICWA) and IORA Secretariat organised the latest edition of IOD.
Key Dignitaries: The inaugural session was addressed by eminent dignitaries: Union Minister Sarbananda Sonowal, Ministry of Ports, Shipping and Waterways (MoPS&W); Dhananjay Ramful, Minister of Regional Integration and International Trade of Republic of Mauritius, and Waleed Mohammed Al Qadimi, Minister of State of Republic of Yemen.

• While addressing the IOD-10, Union Minister Sarbananda Sonowal highlighted that women’s participation in India’s maritime sector has surged by 340% since 2020.

India’s Commitment: At IOD-10, India reaffirmed its commitment to a peaceful, stable and prosperous IOR, aligned by its MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions)vision and Neighbourhood First policy.

Union Minister Dharmendra Pradhan Launches India’s first integrated CCUS field laboratory facility at IIT Bombay 
In May 2026, Union Minister Dharmendra Pradhan, Ministry of Education (MoE), inaugurated India’s first Integrated Carbon Capture, Utilisation and Storage (CCUS) field laboratory facility under ‘Bharat Innovates 2026’ at Indian Institute of Technology, Bombay (IIT-B) in Mumbai, Maharashtra.
About Integrated CCUS Facility:
Integrated CCU Facility: The newly launched facility is India’s first end-to-end pilot-scale platform integrating Carbon Capture and Utilisation (CCU) with Geological Carbon Dioxide (CO₂) Sequestration (GCS) in basalt formations, including the country’s first pilot-scale scientific drilling initiative to assess CO₂ storage potential in the Deccan Traps.
Scaled up by: The technology is being promoted by UrjanovaC, a deep-tech venture incubated at the Society for Innovation & Entrepreneurship (SINE), IIT-B, and is recognised among the leading start-ups featured in Bharat Innovates 2026.
Process and Applications: The technology has used advanced aqueous-based CO2 capture methods capable of capturing CO2 from ambient air and industrial emissions using non-potable water sources such as industrial effluents and seawater.

• The captured CO₂ can be converted into high-purity carbonate and bicarbonate salts that can be directly utilised across sectors such as steel, cement, petrochemicals and pharmaceuticals.

India, IFAD Launch New 8-year Strategy to Strengthen Rural Economy 
On May 2026, the Government of India(GoI) and International Fund for Agricultural Development (IFAD), a specialized United Nations(UN) agency, officially launched their new eight-year Country Strategic Opportunities Programme (COSOP) for the period 2026–2033 to strengthen India’s rural economy and promote inclusive, climate-resilient rural development.

• The announcement was made at the IFAD–India Partnership for Rural Prosperity event held at Bharat Mandapam, New Delhi, Delhi.

About COSOP 2026–2033:
Strategy Formulation: The COSOP 2026–2033 was developed through a participatory and evidence-based process, including the 2023–2024 Country Strategy and Programme Evaluation, portfolio review, and extensive consultations with central and state governments, multilateral institutions, bilateral agencies, UN organisations, private sector entities, and producer organisations.
Key Focus: It aligns with the GoI’s Viksit Bharat@2047 vision and focuses on two strategic priorities:

• Enhancing the social, economic, and climate resilience of rural communities;
• Strengthening knowledge systems to expand successful development models across India and other Global South countries.

Other Initiatives: During the event, IFAD and National Bank for Agriculture and Rural Development(NABARD) signed a strategic partnership agreement to further strengthen rural finance systems and support innovation in agriculture and allied sectors.

IPC Signs MoUs with Bihar, Maharashtra & Mizoram Pharmacy Councils to Strengthen Pharmacovigilance
In May 2026, the Indian Pharmacopoeia Commission (IPC) signed Memoranda of Understanding (MoUs) with the State Pharmacy Councils of Bihar, Maharashtra, and Mizoram to strengthen medicine safety, rational drug use, and pharmacovigilance activities across India.
Overview of MoU:
Signatories: The agreements were signed at IPC headquarters in Ghaziabad by Dr. V. Kalaiselvan, Secretary-cum-Scientific Director, IPC, with Dr. Prakash Sinha, President, Bihar State Pharmacy Council; Dr. H. Lalhlenmawia, Vice-President (VP), Mizoram State Pharmacy Council; and Mr. Atul Ahire, President, Maharashtra State Pharmacy Council in the presence of senior officials and representatives from participating organisations.
NFI Promotion: The partnership will promote adoption of the National Formulary of India (NFI) and encourage its use as a mandatory reference in hospital pharmacies.
Pharmacovigilance: The collaboration will strengthen the Pharmacovigilance Programme of India (PvPI) through Adverse Drug Reaction (ADR) reporting, establishment of ADR Monitoring Centres, and improved patient safety systems.

I4C, RBIH Sign MoU to Boost AI-Based Detection of Mule Accounts & Cyber Financial Frauds
In May 2026, the Indian Cyber Crime Coordination Centre (I4C), under the Ministry of Home Affairs(MHA), and Reserve Bank Innovation Hub (RBIH), subsidiary of Reserve Bank of India (RBI), have signed a Memorandum of Understanding (MoU) to strengthen Artificial Intelligence (AI)-based detection of mule accounts and cyber financial frauds in India.

• The MoU was signed by Roopa M, Inspector General(IG) (Administration), I4C, and Sahil Kinni, Chief Executive Officer (CEO), RBIH, in the presence of Rohit Jain, Deputy Governor(DG), RBI and others in New Delhi, Delhi.

Key Details of MOU:
Focus: The MoU aims to facilitate cooperation in the areas of fraud-risk intelligence sharing, analytical support, and operational coordination for strengthening proactive fraud detection and prevention mechanisms.
Framework: I4C and RBIH will share mule account intelligence and suspect data from the I4C–MHA Suspect Registry to strengthen AI-based fraud detection systems like MuleHunter.ai implemented across banks.

• RBIH will use this data to improve AI models for fraud risk assessment and detection.

National e-Governance Division Felicitates 5 States for DigiLocker Integration Initiatives 
On 11 May 2026, the National e-Governance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY), felicitated five states: Gujarat, Karnataka, Keralam, Nagaland, and Rajasthan for outstanding DigiLocker integration initiatives, during the National Consultative Workshop on Strengthening Cybersecurity Frameworks for State Data, held in New Delhi, Delhi.

• The felicitation was conferred by Nand Kumarum, Joint Secretary, Digital Governance Division, MeitY & President & Chief Executive Officer (CEO) of NeGD in the presence of K K Singh, Joint Secretary, MeitY, and others.

About State-wise DigiLocker Initiatives:
Western States: Gujarat onboarded 65% of its state services onto DigiLocker, benefiting over 1.92 crore citizens and introducing Digital Disability Certificates (DDC) for free bus travel.

• Rajasthan integrated Family Register Jan Aadhaar with DigiLocker, covering over 7.5 crore citizens and expanding electricity bill and welfare-related services.

Southern States: Keralam onboarded more than 117 services in less than seven days and serves over 1.15 crore registered users.

• Karnataka onboarded 73% of government e-services, registered over 2.7 crore DigiLocker users, integrated all five Distribution Companies (Discoms), and digitised nearly 3 crore electricity bill records.

Northeastern State: Nagaland, recognised as a ‘Digital Rising State,’ integrated more than 32 services within one month.

BANKING & FINANCE

AU Small Finance Bank Launches Four New Credit Cards with Travel and Lifestyle Benefits 
In May 2026, AU Small Finance Bank (AU SFB) launched a new portfolio of four credit cards: AU Ananta, AU Laksya, AU Tejas, and AU Prathama, to strengthen its retail credit card business and cater to customers across different income and lifestyle segments in Tier-1 and Tier-2 cities.

• The portfolio includes an industry-first feature enabling complimentary airport lounge access through flight bookings on the AU Rewardz platform.

About AU SFB Credit Card Portfolio: 
Ananta: This credit card for affluent achievers offers premium travel and lifestyle benefits including reward points, lounge access, milestone bonuses, insurance cover, and no-cost Equated Monthly Instalment (EMI) on travel.
Laksya: This credit card for Gen Z and mid-career professionals provides reward points, grocery and food delivery discounts, Buy-One-Get-One (BOGO) movie tickets, lounge access, and zero-fee EMI conversions.
Tejas: This credit card for young salaried customers offers cashback on daily spending categories, welcome rewards, and bonus points for regular usage.
Prathama:This credit card for first-time credit users provides reward points, milestone incentives, fuel surcharge waivers, and responsible credit usage benefits.

RBI Cancels Licence of Mumbai-based Sarvodaya Co-operative Bank 
In May 2026, the Reserve Bank of India (RBI) cancelled the banking licence of Mumbai (Maharashtra)-based Sarvodaya Co-operative Bank Limited with effect from 12 May 2026 under Sections 22(4) and 56 of the Banking Regulation Act, 1949.

• The licence was cancelled due to inadequate capital, weak earning prospects, inability to fully repay depositors, and non-compliance with capital adequacy and licensing requirements under Sections 11(1) and 22(3) of the Act.

About Licence Cancellation : 
Winding-up Process: The RBI directed the Maharashtra Registrar of Co-operative Societies (RCS) to begin the winding-up process of Sarvodaya Co-operative Bank and appoint a liquidator.
Restrictions: RBI prohibited the bank from accepting deposits, stopped repayment of deposits, and ceased all banking operations after finding that continuation of business would be prejudicial to depositor interests.
Insurance: Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to Rs.5 lakh per depositor per bank, including principal and interest on savings, current, fixed and recurring deposits.

AWARDS & RECOGNITIONS

ISRO Scientist Kuljeet Kaur Marhas Becomes First Indian Woman Fellow of Meteoritical Society
In May 2026, Indian Space and Research Organisation (ISRO) scientist Kuljeet Kaur Marhas, became the first Indian woman to be elected as a Fellow of the Meteoritical Society for 2026, one of the world’s most prestigious honours in meteoritics and planetary science.

• She has become the 3rd Indian scientist honoured with this fellowship, only after Devendra Lal and JN Goswami.

About Kuljeet Kaur Marhas:
Recognition: With this honour, Kuljeet Kaur Marhas joined an elite group of international scientists recognised for their outstanding contributions to planetary materials research and studies on the origins of the Solar System.
Current Role : Currently, she is working as a professor in the Planetary Science Division at Physical Research Laboratory(PRL), autonomous unit of Department of Space (DOS) and premier research institute of ISRO,  in Ahmedabad, Gujarat.

APPOINTMENTS & RESIGNATIONS

Himanta Biswa Sarma Takes Oath As Chief Minister Of Assam For Second Consecutive Term
In May 2026, Dr. Himanta Biswa Sarma, leader of the BJP, Assam from Jalukbari constituency, was sworn in as the Chief Minister(CM) of Assam for a second consecutive term, becoming the first non-Congress leader in Assam to serve two successive terms as CM.

• The ceremony took place at Veterinary College Ground in Khanapara, Guwahati, where Lakshman Prasad Acharya, Governor of Assam, administered the oath of office and secrecy as per the Third Schedule of the Constitution. Based on Article 164 the Governor appoints the Chief Minister.

Profile: Himanta Biswa Sarma was born in 1969 in Jorhat, Assam.
Other Key Roles: President of the Badminton Association of India (BAI) since 2017 and was re-elected for 2022–2026.
Global Recognition: Member of the Badminton World Federation (BWF) Council (2021-2025), Vice President of Badminton Asia (BA) since 2019.

CII Elects R Mukundan as President, Suchitra Ella as President-Designate
In May 2026, the Confederation of Indian Industry (CII) elected R Mukundan as its President for 2026–27 after the newly constituted National Council announced the new office-bearers. He succeeded Rajiv Memani in the role.

• The CII also elected Suchitra Ella as President-Designate and Shashwat Goenka as Vice President for the 2026–27 term.

About R Mukundan:
Academic Recognition: He is a Fellow of the Indian Chemical Society and has received an honorary doctorate in Business Administration from XIM University, Odisha.
Career: He joined the Tata Administrative Service (TAS) in 1990 and has over 30 years of experience.
CII Roles: He served as Chairman of the Western Region of the CII during 2013–14. He also served as CII Vice President during 2024–25 and President-Designate for 2025–26.

SCIENCE & TECHNOLOGY

Union Minister Dr Jitendra Singh Launched Two AI-enabled Systems for Hyper-Local Weather forecasts
In May 2026, Union Minister Dr. Jitendra Singh, Ministry of Science and Technology (MoST), launched two advanced weather forecast products: “Forecast of Monsoon Advance over Different Parts of the Country” and a “High Spatial Resolution Rainfall Forecast for Uttar Pradesh (UP)” as a pilot service, first ever Artificial Intelligence (AI)-enabled systems introduced by India Metrological Department (IMD). 

• These systems were launched at an event held at Mahika Hall, Ministry of Earth Sciences (MoES) in New Delhi, Delhi.

Key Details of Products:
Aim: These newly launched systems were developed under the Ministry of Earth Sciences (MoES), aimed to deliver hyper-local, impact-based and AI-driven weather services across the country.
Developers: The new advanced weather forecast systems have been developed by IMD in partnership with the  Indian Institute of Tropical Meteorology (IITM), Pune (Maharashtra) and National Centre for Medium Range Weather Forecasting (NCMRWF).
Weather Forecast Range and Coverage: The AI-enabled monsoon advance forecasting system will provide forecasts of monsoon progression every Wednesday up to four weeks in advance to support farmers across 16 States and over 3,000 sub-districts in the country.

• The second product, High Spatial Resolution Rainfall Forecast for UP, developed as a pilot service, will generate rainfall forecasts at 1-Kilometer (Km) spatial resolution up to 10 days in advance.

SPORTS

Argentina’s Faustino Oro Becomes Second-Youngest Grandmaster At Age 12
In May 2026, Faustino Oro, the Argentina-born chess prodigy popularly known as the ‘Messi of Chess’, became the second-youngest Grandmaster (GM) in chess history at the age of 12 years, 6 months, and 26 days after securing his third and final GM norm at the Sardinia World Chess Festival 2026 in Sardinia, Italy by drawing against Russian chess GM Ian Nepomniachtchi.

• He achieved the feat behind Abhimanyu Mishra of the United States of America(USA), who remains the youngest-ever GM, and became the seventh player in history to earn the GM title before the age of 13.

About Faustino Oro:
Rating Records: He became the youngest player to achieve International Chess Federation or Fédération Internationale des Échecs (FIDE) rating of 2300, the first under-12 player to cross the 2500 rating mark and the highest-rated 11-year-old in chess history.
Achievements: He was also the youngest International Master (IM) at 10 years, 8 months and 16 days, and the youngest player to win a match at the FIDE World Cup.
Norms: He secured his other two Grandmaster (GM) norms at the Legends & Prodigies 2025 in Madrid, Spain and the Magistral Szmetan-Giardelli 2026 in Buenos Aires, Argentina.

IMPORTANT DAYS

International Nurses Day 2026 – May 12
The International Nurses Day (IND) is observed globally every year on May 12 to recognise the invaluable contribution of nurses to healthcare systems and society, commemorating the birth anniversary of Florence Nightingale (1820–1910), who is renowned as the founder of modern nursing.

• 2026 Theme: “Our Nurses. Our Future. Empowered Nurses Save Lives”

Background: 
Proposal: In 1953, Dorothy Sutherland from the United States of America (USA) Department of Health, Education and Welfare proposed a “Nurses Day” to then President Dwight D. Eisenhower.
Observation: Since 1965, the International Council of Nurses (ICN) has led the annual observance of IND.
Adoption: In 1974, ICN officially adopted 12 May as the observance date to honor Florence Nightingale.
2026 Event: On 12 May 2026, the President of India Droupadi Murmu conferred National Florence Nightingale Awards 2026 to 15 nursing personnel, on the occasion of IND, at a function held at Rashtrapati Bhavan, New Delhi, Delhi.

*******

Current Affairs Today (AffairsCloud Today)